Sholom Minkowicz Acquires Church From THE CHURCH OF ST. MARK For $5M In Brooklyn
1337 President St
$5,000,000
$969/SF
Building Size
5,160 SF
Asset Type
Church
Closing
Feb 6, 2025
About this deal
AI
The asset involved in this transaction is a church located at 1337 President St in Brooklyn. The property sold for $5,000,000.00 and encompasses a total area of 5,160 square feet.
Summary of transaction details:
- Property Type: Church
- Transaction Amount: $5,000,000.00
- Address: 1337 President St
- Market: Brooklyn
- Square Footage: 5,160.0
- Buyer: Sholom Minkowicz
- Seller: THE CHURCH OF ST. MARK
- Brokers: Valerie Sebag
Sholom Minkowicz is the buyer in this transaction, acquiring the listed property from THE CHURCH OF ST. MARK, with Valerie Sebag acting as the broker representing the deal.
Players
Brooklyn Church Market Snapshot
Boundary boundary · Church · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.17%
Cash-on-Cash
-0.91%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93